Quantbot Technologies LP Takes Position in Main Street Capital Corporation $MAIN

Key Points

• Quantbot Technologies LP has made a new investment in Main Street Capital Corporation, purchasing 10,394 shares valued at approximately $588,000 during the 1st quarter.
• Various other institutional investors, including Brighton Jones LLC and First Trust Advisors LP, have also recently acquired stakes in Main Street Capital, which is currently 20.31% owned by institutional investors.
• Main Street Capital announced a monthly dividend of $0.255, with a payout ratio of 50.41% and an annualized dividend yield of 4.8%, which will be paid out on December 15th.

Quantbot Technologies LP purchased a new stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 10,394 shares of the financial services provider's stock, valued at approximately $588,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC acquired a new stake in shares of Main Street Capital during the 1st quarter valued at approximately $39,000. Spire Wealth Management acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $40,000. Wellington Shields & Co. LLC acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $41,000. Kapitalo Investimentos Ltda purchased a new stake in Main Street Capital in the 4th quarter worth approximately $45,000. Finally, NBC Securities Inc. purchased a new stake in Main Street Capital in the 1st quarter worth approximately $54,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Up 0.6%

NYSE MAIN traded up $0.42 during trading hours on Friday, hitting $66.24. The company had a trading volume of 486,280 shares, compared to its average volume of 547,119. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 10.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm's 50 day moving average is $63.40 and its 200 day moving average is $58.75.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The firm had revenue of $143.97 million during the quarter, compared to the consensus estimate of $137.23 million. Sell-side analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a $0.255 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 7th. Main Street Capital's dividend payout ratio is presently 50.41%.

Analyst Upgrades and Downgrades

Several analysts have commented on MAIN shares. UBS Group reaffirmed a "neutral" rating and issued a $58.00 target price (up from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Main Street Capital from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada lifted their target price on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday. Truist Financial lifted their target price on shares of Main Street Capital from $54.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Finally, Zacks Research raised shares of Main Street Capital from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Main Street Capital presently has an average rating of "Moderate Buy" and a consensus price target of $61.20.

Insider Activity

In other news, Director Nicholas Meserve sold 14,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $67.15, for a total transaction of $940,100.00. Following the completion of the sale, the director directly owned 82,383 shares in the company, valued at $5,532,018.45. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the sale, the executive vice president owned 181,526 shares of the company's stock, valued at $10,777,198.62. This represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.